Nothing to complain about. Low volumes, fairly steady money flow. Actually starting to look like a real consolidation even with the normal "short-week" weirdness.
Heading out early today - keep a light on for me.
Update (8:38 EDT): As I type this, the European markets are now in the green and NASDAQ futures are as well. There are no reported pre-market trades in HZNP. Maybe today will be more stable than I first thought - hard to type with your fingers crossed.
A guy I knew in college had this happen at a Frat party. He started staggering around, people thought he was loaded, he laid down on a couch and never got up. He wasn't drunk or stoned - he was a diabetic having a sugar low. This was back in the sixties and people weren't as aware of this sort of thing. If Afrezza keeps this from happening even a fraction of the times it does, it'll be well worth it.
Side note: afrezzauser, thank you for your posts here through the years and your stand-up testimony at the AdComm. Well done.
As I type this the European Markets look rather volatile, and though our Pre-Market Trading has not yet opened it looks as if today may not be as strong as yesterday since Google and IBM both reported disappointing Q1 Earnings. Hopefully that disappointment won't bleed over onto the Biotech Sector since we have already been so beaten up, but since this is the Logical Friday before the Holiday weekend we may all want to have our dancing shoes on.
Our Closing price from yesterday ($13.18) represents Resistance and Support, with additional Support below of $12.25 and $10.15. Resistance above is at $13.96 and $15.90. The calculated RSI is at 38.7 and our 10 Day SMA is at $13.33. An early move above the 10 Day SMA would be a very Bullish signal, particularly if it happens on moderate volume.
The past two days have shown a good deal of accumulation - continuation of that today, particularly in the face of the usual end-of-week selling will provide us with a strong vote of confidence going into next week. Regardless of the action in the stock today, have a safe and enjoyable Holiday weekend.
You are completely mis-reading the application of Regulation FD and related SEC regulations. Material non-public information may be disclosed to individuals (including members of the media) under the condition of non-disclosure until such time as public release is authorized and subject to the the penalties associated with violation of such non-disclosure agreements, and, if appropriate penalties associated with violation of Regulations governing Insider Trading.
Any "agreement" to hold publication of an article would be perfectly legitimate under SEC Regulations. That dog, simply put, just won't hunt.
Nice try, though.
Hey, the numbers are the numbers, new2. I don't try to give "advice" so much as clean up the data a bit and filter out the noise some. As long as the Markets are the living, breathing Beast that they are, Due Diligence is a never-ending process. But thanks for the kind words.
Heading Into the Close (3:30 EDT) Not going into the play-by-play here, but as we head into the last half-hour of trading volume is picking up again with solid buying support. Money Flow has been solidly Bullish pretty much all day and with nice moderate Volume and comparatively low Volatility we're showing signs of forming a good position for next week. Tomorrow could be a little weird since it's the last trading day before the Easter weekend, but the Fed Beige Book put a common-sense spin on the Winter Hangover and Yellen's comments today were pretty accommodative, so you never know.
Anything in the Green is another confirming Reversal signal. Waiting to see how the Day-Trader Boot-Scoot-Boogie influences the close.
June beats July all-hollow. That gets Actimmune on the books for all of Q3, and let's all the dust settle before we report Q4 Earnings. Just in time for another product licensing deal "Rolling Growth" anyone????
Cramer does have a following. In this case though I think he's got the downside a little over-stated. I think we're probably in for a swing-rich remainder of Q2 in the NASDAQ, but on a continuing up-trend, driven mostly by improving retail numbers. The winter was SO bad people are cage-crazy.
There's an interesting confluence events coming up for POZN out toward the end of the month. First they have a PDUFA Date on the 25th with a milestone payment due if their candidate drug is approved. Second they report Earnings around the same time as HZNP reflecting the first full Q of Vimovo Sales since the re-launch. It could make for an interesting trade.
Well, I'm a big fan of profit-taking, but I don't generally Day-Trade so I think I'll sit tight for now.
Yesterday's successful re-test of the $12.25 Support level was a key reversal signal which was confirmed by this morning's partial gap-up and successful fill to $12.50. The news this morning accelerating the closing of the Vidara deal didn't hurt either. Volumes are slightly lower than the 6 Month ADV for this time of day, with moderate volatility and moderately Bullish money flow. And that's the first time I've been able to use my favorite word "moderate" here in some time relative to V&V.
Support is at $12.25 and $10.15 with Resistance at $13.39 and $15.90.
Just purchased 5000 Shares. Accelerating the closing date on the Vidara deal and the technical picture which is actually showing reversal signals sealed the deal.
Do your own Due Diligence. I'm NOT recommending that anyone else buy unless it fits with their investment objectives, but this looks pretty solid to me.
I agree, today felt like a bit of a move in the right direction - but the volatility is killing us, and you kind of have to consolidate before you reverse (at least in terms of a sustainable trend). Plus it's a short week, which adds its own particular flavor of idiocy.
Of course by your own logic, you might be a 14 year old Gypsy Princess with an overbite and a handy copy of "Solipsism for Dummies. Just sayin'....
ucited, you have a very sad world-view. Word's like "looking a gift horse in the mouth" come to mind. I wouldn't lie because (I guess) I was raised better than that, I've been playing in this particular sandbox for quite a long time and communicate directly (via mail and sometimes phone) with people I've met here who I would prefer not to disappoint, besides which it would serve no purpose.
As I said earlier - use the information here, or not. There are any number of places to glean information on market dynamics and technical signals. Your call.